Topic: Perks

— 2598 items —

Mind the gap…
March 10, 2004—Gap Stores (GPS) , which has long been criticized for its cozy relationship with Fisher Development, a construction company owned by Gap Chairman Donald Fisher’s brother, finally seems to have gotten it. Fisher Development, which up until 2 years ago, served as general contractor on practically all new store construction and renovation projects for the […]

Hat trick…
March 1, 2004—The proxy that Novell (NOVL) filed on Friday reveals some pretty unhappy shareholders, including Ca l P E R S , the large California pension fund that has long been active in shareholder issues. This year, there are 3 proposals compared with last year when there was none. CalPERS’ proposal would require the board of […]

Waste management, indeed…
February 25, 2004—Given Waste Management’s (WMI) past excesses, an investor might hope that the new group of executives in charge have learned from those mistakes and are now a bit more chaste with investors’ money. But buried near the bottom of Waste Management’s recent 10-K are two employment contracts that remind us of the way things were. […]

More poking and prodding…
February 9, 2004—UPDATE About 45 minutes after I posted this, WebMD put out a press release announcing the SEC investigation. In the release, WebMD CEO Roger C. Holstein said, “The SEC’s involvement in these investigations is customary and we do not view their involvement as an expansion of the initial investigation in any way.” Give them points […]

Lots and lots of paper…
February 4, 2004—Good thing Georgia-Pacific (GP) is in the paper business, because at 390 pages (including exhibits) any investor who wants to leaf through the 10-K filed yesterday is going to need lots and lots of paper. The K includes 60 pages of footnotes, including some long discussions of pension plans, asbestos lawsuit liabilities, and plant restructurings […]

Clear skies for investors…
January 30, 2004—I usually try to devote Fridays to something positive that a company is doing for its investors, though lately I’ve had difficulty finding examples. But Southwest Airlines (LUV) filed their 10-K yesterday and there’s some great examples on how to do things right. First, is the fact that they filed only a week after releasing […]

Coming out in the wash…
January 29, 2004—You have to wonder why it’s taken Arriba (ARBA) , a former high-flying tech stock whose shares once traded at around $200, so long to describe an unusual loan arrangement between its former Chairman and its current Chief Executive. The company’s latest attempt at describing the deal — in an amended 10-K filed yesterday — […]

Pump it up…
January 21, 2004—No, this isn’t a reference to the spam we all seem to receive. It’s about Hewlett Packard’s (HPQ) expanding 10-K. In the K it filed yesterday, the company devoted 15% more space to footnotes than it did in its fiscal 2002 10-K and nearly 70% more than it did in fiscal 2001 — before its […]

The multi-millionaire Minister…
December 22, 2003—Investors in Roto-Rooter (RRR) aren’t the only ones cleaning up in the wake of Friday’s announcement that the company plans to acquire Vitas Healthcare, a privately held hospice-care provider. The stock was up 26 percent on Friday and is up another 15 percent so far today. Indeed, Vitas’ Chairman and CEO, Hugh Westbrook, who once […]

Nothing mouse-sized about this…
December 19, 2003—Still trying to catch up on some of the filings I missed while on vacation and found Disney’s (DIS) disclosure on pensions pretty interesting. It also shows you how a small decrease in the expected rate of return that the company uses to calculate its expenses — in Chapter 6 I talk about how a […]